NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY) Short Interest Update

Key Points

• NTT Inc. experienced a significant 38.6% decline in short interest in July, with totals dropping from 234,500 shares to 144,100 shares as of July 31st.
• Analysts at CLSA have downgraded NTT's stock rating to a "hold", contributing to a consensus rating of hold among investment analysts.
• In its latest earnings report, NTT missed earnings per share estimates by $0.01, reporting $0.54 compared to the expected $0.55, with revenue also falling short of analyst expectations.

NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY - Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 144,100 shares, adeclineof38.6% from the July 15th total of 234,500 shares. Based on an average trading volume of 185,800 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 185,800 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

Separately, CLSA raised shares of NTT to a "hold" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

NTT Price Performance

NTTYY stock traded up $0.11 on Tuesday, reaching $28.06. 23,619 shares of the company's stock were exchanged, compared to its average volume of 135,676. The stock has a fifty day moving average of $26.38 and a 200-day moving average of $25.73. NTT has a twelve month low of $22.80 and a twelve month high of $28.70. The firm has a market cap of $95.67 billion, a PE ratio of 14.17 and a beta of 0.19. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 0.72.

NTT (OTCMKTS:NTTYY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The business had revenue of $22.12 billion for the quarter, compared to analyst estimates of $22.80 billion. NTT had a return on equity of 8.87% and a net margin of 7.20%.

About NTT

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.

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